Xpress Money, Instant Money Transfer

Xpress Money and Summit Bank join hands to offer remittance services through Ufone Authorized service centers and franchise locations

  • New locations join Xpress Money's existing portfolio of 4,800 outlets across the country providing instant and convenient remittance disbursement services
  • Remittance through Xpress Money comprising over 10 per cent share of the Pakistan remittance industry

Pakistan, March 18th, 2013: Xpress Money, the world's most dependable global money transfer brand, today announced its partnership with Ufone, to expand its agent locations in Pakistan. Ufone is a sub agent of Summit Bank, one of Pakistan's premier financial institutions and one of Xpress Money's foremost agent partners in the country.

In a statement, Xpress Money said the partnership will add over 148 outlets of Ufone to its network in key centers across the country sprawling Islamabad, Rawalpindi, Peshawar, Lahore, Multan, Karachi, Faisalabad amongst others.

Mr. Rizwan Ali Hamdani- Country Manager, Business Development, Xpress Money, said: "At Xpress Money, we are committed to provide convenient and faster remittance services to our customers. The partnership with Ufone is a significant step in this direction. By adding on more agent locations we are enriching our services, which in turn will help expatriates send and receive money quickly and conveniently, providing tremendous value-add on our existing services," he said.

Summit Bank has brought on board Ufone as its Remittance Payout Agent in Pakistan recently to boost the portfolio it offers via Xpress Money. It has recently instituted more branches at convenient locations with extended working hours and weekend operations.

"The syndicate between Xpress Money and Ufone, will add to the growth of organized remittance, ensuring that money sent by NRPs reaches their beneficiaries in a fast and secure manner. By adding 148 authorized outlets of Ufone to our network across prime regions throughout the country, Summit Bank is reaffirming its commitment to enhance the customer experience. We have envisioned taking our partnership with both the companies to the next level of money transfer service," said Mr. Farrukh Majeed - Head of Home Remittance, Summit Bank.

With over 4,800 agent locations in Pakistan, Xpress Money accounts for channeling almost 10% of the remittances to Pakistan. A prominent receive market, with an impressive 16.29% year on year growth, Xpress Money provides cash-to-home, cash-to-account, cash-to-mobile along with instant cash remittance services in Pakistan.

About Xpress Money:

Xpress Money is a global money transfer brand with a thriving presence in more than 150 countries in 5 continents across 170,000 agent locations across the world. Working towards the goal of Bringing Home Closer to millions of migrants residing away from their homes, Xpress Money has come to be known as the most dependable international money transfer brand. Xpress Money provides its customers a simple, fast & amp; safe way to transfer money anywhere in the world through innovative technology, superior customer service and its extensive worldwide network. For more information, visit www.xpressmoney.com

About Ufone:

Pak Telecom Mobile Limited (PTML) a wholly owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) started its operations in January 2001 under the brand name 'Ufone'. As a result of PTCL's privatization, Ufone became a part of the Emirates Telecommunication Corporation Group (Etisalat) in 2006. Since its inception, Ufone has focused on the people of Pakistan, empowering them with the most relevant communication modes and services. Ufone offers its customers simplified tariffs with no hidden charges.

Ufone has a subscriber base of over 20 million in less than a decade. Ufone has network coverage in 10,000 locations and across all major highways of Pakistan. Ufone currently caters for International Roaming to more than 288 live operators in more than 160 countries. Ufone also offers Pakistan's largest GPRS & BlackBerry Roaming coverage available with more than 200 Live Operators across 122 countries. More recently, Ufone has become a focused and intensive leader in VAS, constantly introducing innovative services, which have been the first of their kind in the Pakistani cellular industry.